Friedenthal Financial Purchases New Position in Church & Dwight Co., Inc. (NYSE:CHD)

Friedenthal Financial purchased a new stake in Church & Dwight Co., Inc. (NYSE:CHD) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 732 shares of the company’s stock, valued at approximately $81,000.

Other large investors also recently bought and sold shares of the company. IAG Wealth Partners LLC raised its stake in Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company’s stock worth $30,000 after buying an additional 130 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Church & Dwight during the fourth quarter worth $39,000. Bernard Wealth Management Corp. acquired a new position in shares of Church & Dwight during the fourth quarter worth $40,000. Versant Capital Management Inc increased its position in shares of Church & Dwight by 42.1% during the first quarter. Versant Capital Management Inc now owns 378 shares of the company’s stock worth $42,000 after purchasing an additional 112 shares in the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Church & Dwight during the fourth quarter worth $43,000. Institutional investors own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In other Church & Dwight news, CEO Richard A. Dierker purchased 7,950 shares of Church & Dwight stock in a transaction on Tuesday, May 13th. The shares were bought at an average price of $94.66 per share, with a total value of $752,547.00. Following the completion of the acquisition, the chief executive officer now directly owns 16,358 shares of the company’s stock, valued at approximately $1,548,448.28. This trade represents a 94.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Penry W. Price sold 14,660 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $93.13, for a total transaction of $1,365,285.80. Following the completion of the sale, the director now directly owns 27,043 shares in the company, valued at $2,518,514.59. This trade represents a 35.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,575 shares of company stock worth $4,910,586 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Evercore ISI cut their target price on Church & Dwight from $106.00 to $102.00 and set an “in-line” rating on the stock in a research report on Friday, May 2nd. Morgan Stanley decreased their price target on shares of Church & Dwight from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, May 5th. Oppenheimer decreased their price target on shares of Church & Dwight from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Barclays decreased their target price on shares of Church & Dwight from $94.00 to $84.00 and set an “underweight” rating on the stock in a research note on Friday, May 2nd. Finally, Truist Financial set a $110.00 target price on shares of Church & Dwight and gave the stock a “buy” rating in a research note on Friday, June 6th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Church & Dwight currently has an average rating of “Hold” and a consensus target price of $108.67.

Church & Dwight Trading Down 0.3%

NYSE CHD opened at $95.83 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.43 and a current ratio of 1.95. The firm has a market cap of $23.60 billion, a PE ratio of 41.13, a P/E/G ratio of 3.86 and a beta of 0.52. Church & Dwight Co., Inc. has a one year low of $90.99 and a one year high of $116.46. The firm’s fifty day moving average is $98.09 and its two-hundred day moving average is $103.70.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business posted $0.96 earnings per share. The business’s revenue was down 2.4% compared to the same quarter last year. Analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.23%. Church & Dwight’s dividend payout ratio (DPR) is 50.64%.

Church & Dwight Company Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.